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Business/Financial

HP To Acquire Security Software Firm ArcSight For $1.5 Billion

DDN

Tuesday, September 14th, 2010

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By Calvin Biesecker HP [HPQ] yesterday said it has agreed to acquire enterprise security software provider ArcSight [ARST] for $1.5 billion in cash, boosting its ability to offer organizations built-in security as part of wider information technology solutions. The transaction is expected to close by the end of the year. HP is offering $43.50 per share, a 24 percent premium to ArcSight's $35.10 closing price last Friday. At the close of trading yesterday, ArcSight's shares were at $43.91, up $8.81,…

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